May's spokeswoman said the Deloitte memo was unsolicited, had nothing to do with the government and had no credence. The pound fell as much as 1.3 percent to 87.07 pence per euro following the memo leak before recovering to 86.92 pence. British Finance Minister Philip Hammond, seen here in 2014, is purportedly among the cabinet members opposed to Britain leaving the EU. "Industry has 2 unpleasant realisations — first, that the Government's priority remains its political survival, not the economy," the memo said. German Chancellor Angela Merkel said on Tuesday that Britain must be clear about its aims for Brexit by the end of March.

Source: CBC News November 15, 2016 15:07 UTC